Clearwater Analytics to acquire Beacon and Blackstone’s Bistro
13 March 2025 US
Image: stock.adobe.com/Nirusmee
Clearwater Analytics plans to acquire two firms as part of a wider plan to transform investment management technology.
The company has agreed to acquire Beacon, a cross-asset class modeling and risk analytics platform for derivatives, private credit and debt, structured products, and alternative assets provider.
Clearwater has also announced a definitive asset purchase agreement to acquire Bistro, Blackstone’s proprietary portfolio visualisation software platform.
Sandeep Sahai, CEO at Clearwater Analytics, says: “With this combination, chief investment and chief risk officers will have a unified, real-time view of their entire portfolio — from public equities and private credit to structured products and alternatives — all in a single, cloud-native platform.
“The industry will have a true front-to-back platform, enhancing their ability to make better investment decisions.”
Kirat Singh, CEO of Beacon, says. “By bringing these platforms together, along with Blackstone’s Bistro, we’re creating something truly industry-leading — giving institutional investors complete transparency across front office, pre-trade, risk and accounting.”
John Stecher, chief technology officer of Blackstone, adds: “We built the Bistro platform to address a need we saw in the market both for ourselves and our clients to have a more advanced credit portfolio insights platform.
“Clearwater has an exciting opportunity to continue evolving this core infrastructure platform for the credit asset management industry and we look forward to helping them build something that creates enduring value.”
The company has agreed to acquire Beacon, a cross-asset class modeling and risk analytics platform for derivatives, private credit and debt, structured products, and alternative assets provider.
Clearwater has also announced a definitive asset purchase agreement to acquire Bistro, Blackstone’s proprietary portfolio visualisation software platform.
Sandeep Sahai, CEO at Clearwater Analytics, says: “With this combination, chief investment and chief risk officers will have a unified, real-time view of their entire portfolio — from public equities and private credit to structured products and alternatives — all in a single, cloud-native platform.
“The industry will have a true front-to-back platform, enhancing their ability to make better investment decisions.”
Kirat Singh, CEO of Beacon, says. “By bringing these platforms together, along with Blackstone’s Bistro, we’re creating something truly industry-leading — giving institutional investors complete transparency across front office, pre-trade, risk and accounting.”
John Stecher, chief technology officer of Blackstone, adds: “We built the Bistro platform to address a need we saw in the market both for ourselves and our clients to have a more advanced credit portfolio insights platform.
“Clearwater has an exciting opportunity to continue evolving this core infrastructure platform for the credit asset management industry and we look forward to helping them build something that creates enduring value.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
